Suppose that a rise in consumer spending causes an expansion. On the following graph, shift one or both curves to reflect the short-run effect of the rise in consumer spending. O Aggregate Supply Aggregate Demand Aggregate Supply Price Level Aggregate Demand Quantity of OutputOn the following graph, shift a curve or adjust the point to reflect the short-run effect of the rise in consumer spending. LRPC O SRPC Short-Run Outcome Inflation Rate LRPC SRPC Unemployment Rate In the short run, inflation and unemployment Now suppose that over time, expected inflation changes in the same direction that actual inflation changes. On both of the preceding graphs, shift the appropriate curve or curves to reflect the change that brings the economy to its long-run state. After the expansion is over, the economy faces a set of inflation-unemployment combinations